SEATTLE-KING COUNTY ASSOCIATION OF REALTORS (EIN 910403475) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1908

Legal Domicile

Principal Officer

RUSSELL HOKANSON

Phone

4259741011

Tax Period

2024-01-01 to 2024-12-31

SEATTLE-KING COUNTY ASSOCIATION OF REALTORS, founded in 1908, is a community nonprofit that reported $2.2M in total revenue in fiscal year 2024. Expenses of $2.5M exceeded revenue, resulting in a 12% operating deficit.

Mission

TO UNITE THE REAL ESTATE INDUSTRY THROUGH EDUCATION AND RESEARCH, TO UNITE THOSE ENGAGED IN THE REAL ESTATE BUSINESS AND TO PROMOTE AND PROTECT THE INTEREST OF ITS MEMBERS AND OF OTHERS ENGAGED IN REAL ESTATE TRANSACTIONS AND MANAGEMENT. TO PROVIDE EDUCATION FACILITIES IN REAL ESTATE FOR ITS MEMBERS AND WHEN PRACTICABLE FOR OTHERS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,427,378

Program Service Revenue $731,610

Investment Income $89,712

Other Revenue $-32,105

TOTAL REVENUE $2,216,595

Expense Breakdown

Grants Paid $35,279

Salaries & Benefits $1,230,168

Fundraising Expenses $0

Other Expenses $1,226,734

TOTAL EXPENSES $2,492,181

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,216,595	$2,279,639	0.0%
Expenses	$2,492,181	$2,359,521	+0.1%
Net Income	$-275,586	$-79,882	+2.4%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✓ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$492,286

Total Directors

$24,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SHARON O'MAHONY	PAST PRESIDENT	1.00	Officer Director	$6,000	$0	$6,000
MICHAEL ORBINO	PRESIDENT	1.00	Officer Director	$12,000	$0	$12,000
GARRETT NELSON	PRESIDENT ELECT	1.00	Officer Director	$6,000	$0	$6,000
GINA MADEYA	VP GOV. & PUBLIC AFFAIRS	1.00	Officer Director	$0	$0	$0
SOL VILLARREAL	VP-ELECT GOV. & PUBLIC AFF	1.00	Officer Director	$0	$0	$0
CHEYENNE GILLOOLY	VP BUSINESS PRACTICES	1.00	Officer Director	$0	$0	$0
DAN WINGARD	VP MEMBER SERVICES	1.00	Officer Director	$0	$0	$0
SCOTT DICKINSON	NORTH REGIONAL DIR.	1.00	Director	$0	$0	$0
JENNIFER GILBERT-SMITH	SOUTH REGIONAL DIR.	1.00	Director	$0	$0	$0
STEPHANIE MCCARTHY	EAST REGIONAL DIR.	1.00	Director	$0	$0	$0
SYDNIE TAYLOR	INDEPENDENT BROKERAGE DIR.	1.00	Director	$0	$0	$0
LYSA GRIFFITH	AFFILIATE DIRECTOR	1.00	Director	$0	$0	$0
CHELSEA HALVERSON	YPN DIRECTOR	1.00	Director	$0	$0	$0
JOE BAUMAN	DIRECTOR AT LARGE	1.00	Director	$0	$0	$0
MARISSA BEACH	DIRECTOR AT LARGE	1.00	Director	$0	$0	$0
MERNA ELAGGAR	DIRECTOR AT LARGE	1.00	Director	$0	$0	$0
SAMANTHA ENOS	DIRECTOR AT LARGE	1.00	Director	$0	$0	$0
KATHRYN FREITAS	DIRECTOR AT LARGE	1.00	Director	$0	$0	$0
DEIDRE HICKS	DIRECTOR AT LARGE	1.00	Director	$0	$0	$0
MIKAELA JI	DIRECTOR AT LARGE	1.00	Director	$0	$0	$0
TAMI TATE	DIRECTOR AT LARGE	1.00	Director	$0	$0	$0
RUSSELL HOKANSON	CEO	37.50	Officer	$267,765	$31,051	$298,816
SCOTT PARSONS	DIRECTOR OF FINANCE	37.50	Officer	$147,300	$22,170	$169,470
TAYLOR SHANAMAN	DIRECTOR OF GOV AFFAIRS	37.50	Highest	$141,108	$21,684	$162,792
MARIE HANSCH	DIRECTOR BUS PRACTICE	37.50	Highest	$106,825	$18,603	$125,428

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	$2,216,595	$2,492,181	$5,666,751	$-275,586
2023	$2,279,639	$2,359,521	$5,953,220	$-79,882
2022	$2,341,639	$2,262,679	$6,161,587	$78,960
2021	$2,261,145	$2,079,202	$6,650,634	$181,943
2020	$2,113,393	$1,731,868	$6,390,802	$381,525
2019	$2,347,500	$2,053,195	$6,092,994	$294,305
2018	$2,365,723	$1,980,308	$6,072,415	$385,415

SEATTLE-KING COUNTY ASSOCIATION OF REALTORS